SoFi Technologies (NASDAQ:SOFI) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of SoFi Technologies (NASDAQ:SOFI) in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. The firm issued an equal weight rating and a $19.00 target price on the stock.

A number of other brokerages have also weighed in on SOFI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SoFi Technologies in a research note on Thursday, January 22nd. Bank of America assumed coverage on SoFi Technologies in a research note on Tuesday, January 6th. They set an “underperform” rating and a $20.50 price objective for the company. Needham & Company LLC reduced their target price on SoFi Technologies from $36.00 to $33.00 and set a “buy” rating for the company in a report on Monday, February 2nd. UBS Group set a $24.50 target price on SoFi Technologies in a research report on Monday, February 2nd. Finally, Barclays lifted their price target on SoFi Technologies from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. Seven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $25.91.

SoFi Technologies Price Performance

Shares of NASDAQ SOFI opened at $17.08 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.18 and a current ratio of 0.78. The firm has a fifty day moving average of $21.27 and a 200 day moving average of $25.42. The firm has a market cap of $21.78 billion, a PE ratio of 44.95 and a beta of 2.20. SoFi Technologies has a one year low of $8.60 and a one year high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Friday, January 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. SoFi Technologies had a net margin of 13.34% and a return on equity of 5.88%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $984.75 million. During the same period last year, the firm posted $0.05 earnings per share. The company’s revenue was up 39.6% compared to the same quarter last year. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. As a group, research analysts predict that SoFi Technologies will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling

In other news, General Counsel Robert S. Lavet purchased 5,000 shares of SoFi Technologies stock in a transaction dated Friday, February 6th. The shares were purchased at an average price of $21.04 per share, with a total value of $105,200.00. Following the transaction, the general counsel owned 17,172 shares in the company, valued at $361,298.88. This represents a 41.08% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven J. Freiberg sold 94,225 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $20.31, for a total value of $1,913,709.75. Following the completion of the transaction, the director owned 588,849 shares in the company, valued at $11,959,523.19. This represents a 13.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders acquired 38,900 shares of company stock worth $705,398 and sold 217,874 shares worth $4,253,667. Company insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On SoFi Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SOFI. Vanguard Group Inc. grew its holdings in shares of SoFi Technologies by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock worth $2,906,061,000 after purchasing an additional 3,900,895 shares during the period. State Street Corp increased its position in shares of SoFi Technologies by 6.7% during the 4th quarter. State Street Corp now owns 25,937,928 shares of the company’s stock worth $679,055,000 after purchasing an additional 1,637,430 shares during the last quarter. Geode Capital Management LLC raised its holdings in SoFi Technologies by 9.0% in the 4th quarter. Geode Capital Management LLC now owns 23,642,936 shares of the company’s stock valued at $618,395,000 after buying an additional 1,951,248 shares during the period. Morgan Stanley lifted its position in SoFi Technologies by 33.6% in the fourth quarter. Morgan Stanley now owns 13,323,366 shares of the company’s stock valued at $348,806,000 after buying an additional 3,350,258 shares during the last quarter. Finally, Norges Bank acquired a new position in SoFi Technologies in the fourth quarter valued at about $321,515,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies News Roundup

Here are the key news stories impacting SoFi Technologies this week:

• Positive Sentiment: CEO Anthony Noto bought ~28,900 shares (~$500k), a visible insider vote of confidence that helped stabilize the share price after the short report. SoFi CEO Snaps Up Stock
• Positive Sentiment: SoFi’s loan‑platform business is rapidly scaling as a capital‑light revenue driver (tripling originations/revenue), which reduces balance‑sheet risk and supports higher fee revenue. Loan Platform Growth
• Positive Sentiment: Third‑party validation: SoFi Invest ranked #1 in JD Power’s 2026 U.S. Investor Satisfaction study for DIY investors — a positive for customer retention and fee income. JD Power #1 Ranking
• Neutral Sentiment: Analyst coverage is mixed: new coverage and PTs (Wells Fargo equal‑weight $19, Barclays/Earlier targets) reflect divergent views on valuation vs. growth — useful context but not an immediate catalyst. Wells Fargo Coverage via Benzinga
• Neutral Sentiment: Trading dynamics: unusually high volume and a large intraday swing increase volatility; technicals show the stock below its 50/200‑day averages, which can amplify short‑term moves. Zacks: Key Facts
• Negative Sentiment: Muddy Waters published a scathing short report alleging aggressive “financial engineering” and accounting/visibility concerns; that report triggered selling and elevated regulatory/governance scrutiny. Muddy Waters Allegations
• Negative Sentiment: Analysts and commentators flagged follow‑up questions after the short report (accounting/verification), keeping downside risk until issues are resolved or proven unfounded. Analyst Raises Questions
• Negative Sentiment: Insider selling by the CTO (94,958 shares) creates negative optics and offsets some of the positive signaling from the CEO purchase. CTO Sale SEC Filing
• Negative Sentiment: Sector‑wide funding/credit headwinds (reports of JPMorgan lending restrictions) have pressured fintech/credit names, adding an external macro risk to SOFI’s lending exposure. Private Credit Headwinds

SoFi Technologies Company Profile

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.